Valeo sees flat 2012 profit as expands in Asia

Newswire

PARIS, July 26 (Reuters) - French car parts maker Valeo
said first-half operating profit rose 7.2 percent as
it expanded in Asia and shrugged off a declining auto market in
Europe.
Earnings reached 370 million euros ($455.1 million), or 6.2
percent of sales, Valeo said in a statement on Thursday. The
group had record order intake of 8 billion euros in the period,
with sales up 12.5 percent to 6 billion.
Based on estimated growth of 5-6 percent in ...

Premium Content (PAID Subscription Required)

"Valeo sees flat 2012 profit as expands in Asia" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

The knowledge gap already could be affecting sales of advanced-technology vehicles, which last year accounted for 3.5% of the nearly 17 million cars and trucks sold in the U.S., according to WardsAuto data....More

“Logically, Cadillac is not disconnected from GM,” the longtime luxury executive says. “The way we want to organize the business in the future is that Cadillac will own the entire process, all the things that touch Cadillac.”...More